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Nov 28, 2012
11/12
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>>neil: so you are not in the patty murray camp who says, maybe risk fiscal cliff situation where you just blow past the deadline and everything, the cuts go in effect, the rates become idea, and then you can put together a deal that makes more sense, in this case for the democrats' liking. >>guest: i understand that viewpoint and there will be people on both sides that will say let the bad stuff go in effect and that will put pressure on everyone. that is another alternative. but the risk there is the economy goes back into another recession, the storm market falls and you get real problems so that, to me, that is a pretty big risk to take. >>neil: thank you, dick gephardt. >> remember the white house warning that you don't get progress on the cliff, you are going to see less spending in the fors. a life jet maker did not get that memo because it sent up a storm. >> we are coming to you from sunny los angeles, at lax, and private aviation is booming. europe is announcing, did you see this, of course, vistajet, sit down, now, get a led of this, an $8 billion deal to buy 56 jets, optio
>>neil: so you are not in the patty murray camp who says, maybe risk fiscal cliff situation where you just blow past the deadline and everything, the cuts go in effect, the rates become idea, and then you can put together a deal that makes more sense, in this case for the democrats' liking. >>guest: i understand that viewpoint and there will be people on both sides that will say let the bad stuff go in effect and that will put pressure on everyone. that is another alternative. but...
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Dec 4, 2012
12/12
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you've got to be for a tax rate increase or we will go over this fiscal cliff. >> no, you don't. you could raise from a carbon tax of $20 a ton, which will deal with, we are having the biggest record carbon levels. you could raise -- at 4% a year over the next ten year, twice as much as you could from allowing the bush tax rates to lapse. why the income tax system is overburdened in the united states. we use it too much. we should be looking at other taxes. we can't do it in 29 days. why are we doing it in 29 days? >> but the president ran on >> the republicans must agree to higher tax rates on well off americans. all the way to the 39.6 that the president, they have to. that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have to agree. they'll use euphemisms, but agree to cutting medicare and medicaid. and by the way, that means cutting for seniors and poor people and special needs kids. that is not an easy thing to ask anybody to do, let alone the democratic party. which really created these programs. this is
you've got to be for a tax rate increase or we will go over this fiscal cliff. >> no, you don't. you could raise from a carbon tax of $20 a ton, which will deal with, we are having the biggest record carbon levels. you could raise -- at 4% a year over the next ten year, twice as much as you could from allowing the bush tax rates to lapse. why the income tax system is overburdened in the united states. we use it too much. we should be looking at other taxes. we can't do it in 29 days. why...
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Dec 3, 2012
12/12
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cliff." it calls for $2.2 trillion in savings over ten years, but no hike in tax rates. and the u.n. announced it's pulling nonessential international staffers from syria, while u.s. officials warned the syrian government not to use chemical weapons on its people. online, an update to a law in saudi arabia renews a debate about male guardianship. hari sreenivasan has more. >> sreenivasan: now whenever a saudi woman leaves the country, her husband or father receives a text message. the recent changes to the long- held system of male guardianship sparked outrage on twitter recently. i spoke to a journalist in saudi arabia who says the practice reinforces male control. our conversation is in the rundown. today's science roundup features dragonflies, or as one science writer calls them "the bengal tigers of the microworld." find the story on our home page. how can you secure a larger social security payment from an ex-spouse? the answer is in this week's installment of "ask larry." all that and m
cliff." it calls for $2.2 trillion in savings over ten years, but no hike in tax rates. and the u.n. announced it's pulling nonessential international staffers from syria, while u.s. officials warned the syrian government not to use chemical weapons on its people. online, an update to a law in saudi arabia renews a debate about male guardianship. hari sreenivasan has more. >> sreenivasan: now whenever a saudi woman leaves the country, her husband or father receives a text message....
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Nov 15, 2012
11/12
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of course, worries and uncertainty about whether or not we'll go over the fiscal cliff largely viewed as the main culprit as well as the uncertainty over where tax rates will be. my next guest says we are going off of the cliff. joining me now is mario cabelli. he joins me here at the schwab impact conference in chicago. >> maria, my privilege. >> let's talk about it. your take on the markets and fiscal cliff. i want to begin there. >> it's pretty simple. in september of '08, the market went down when they couldn't prove the t.a.r.p., and you watched it on television on the votes being take. the same thing in july and august. i can feel it with individuals i talk to everywhere. they're worried about this unstirn over how much taxes are going to be taken out of their capital gains and dividends. they're unclear about how the president is going to lead the country. the first words out of his mouth were divisiveness. they're uncomfortable. then you have the cliff. >> you have a lot of finger pointing once again. let's talk about, you know, the cliff. i know you remain bullish on this mar
of course, worries and uncertainty about whether or not we'll go over the fiscal cliff largely viewed as the main culprit as well as the uncertainty over where tax rates will be. my next guest says we are going off of the cliff. joining me now is mario cabelli. he joins me here at the schwab impact conference in chicago. >> maria, my privilege. >> let's talk about it. your take on the markets and fiscal cliff. i want to begin there. >> it's pretty simple. in september of '08,...
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Nov 15, 2012
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the market lower once again on more fears over fiscal cliff and the uncertainty over tax rates in 2013. in a few minutes, i'll be speaking to the men behind the campaign to fix the country's debt, alan simpson and erskine bous. take a look at how we're settling on wall street today. the market did end off the worst levels of the session. nonetheless, we continue to see a decline. the markett down about 5% since the election. we continue to see a deterioration here. the nasdaq gave up about ten points at 2836. the s&p flat on the night, down about 2.25 points. the market closing lower once again today, adding to the losses we have been seeing since the election. is a deal in washington what investors are waiting for to get back into the game? joining me now is ben pace from deutsch back private wealth management, scott collier and our own mandy drury. good to see everybody. ben pace, what is behind this selling, and when will it end? what's your take? >> i don't think it's really economic right now, maria. i think it's pretty political. every pronouncement we've heard over the last four
the market lower once again on more fears over fiscal cliff and the uncertainty over tax rates in 2013. in a few minutes, i'll be speaking to the men behind the campaign to fix the country's debt, alan simpson and erskine bous. take a look at how we're settling on wall street today. the market did end off the worst levels of the session. nonetheless, we continue to see a decline. the markett down about 5% since the election. we continue to see a deterioration here. the nasdaq gave up about ten...
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Nov 16, 2012
11/12
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cliff to have better bargaining power? >> yes. >> dan? >> yes. >> okay. >> also, let's not forget several prominent democrats want the president to go over the cliff, so to speak, to improve the bargain. >> well, that's a bargaining argument, i would think, at some point. joe, why are you optimistic? >> first of all, this has become a battle of semantics rather than actual facts. both parties have agreed there needs to be increased revenues. as soon as that gets said, it's very clear. increased revenues means higher taxes in some form. either reduce spending or higher taxes. >> but grover norquist spun that a while ago. i asked that very question. he said, you can also raise revenue by growing the economy. >> grover norquist was very clear in saying that increasing revenues would not be something that he wouldn't care about. he does not want higher tax revenues. >> joe, what do you tell your clients? saying what the final deal is going to look like is basically like trying to predict the weather in march 2014. we don't kno
cliff to have better bargaining power? >> yes. >> dan? >> yes. >> okay. >> also, let's not forget several prominent democrats want the president to go over the cliff, so to speak, to improve the bargain. >> well, that's a bargaining argument, i would think, at some point. joe, why are you optimistic? >> first of all, this has become a battle of semantics rather than actual facts. both parties have agreed there needs to be increased revenues. as soon as...
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Dec 3, 2012
12/12
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will entitlement be changed on this side of the fiscal cliff? >> two things in response to that. first, the great irony here is four weeks ago, mitt romney and paul ryan and republicans are pummeling the president for $716 billion for medicare savings that extended the life of medicare. they said they want to add all the costs back in. hopefully they are back to the position of the ryan budget to recognize they're important savings. number one. number two, the president's plan, budget, contains medicare savings than the ryan-republican plan did. we'd like to see the specifics, what are they proposing with respect to cuts to medicare? >> we can go around the healthcare barnyard again and again, about how you can't spend that money twice. and how medicare actuary said that. the $716 billion. you can either use it to shore up medicare or use it to pay for obamacare. >> right. right. but the fact is the position that mitt romney took as a presidential candidate was to put all of those costs back in to medicare. which would have meant it went insolvent eight years sooner. >> bret: but
will entitlement be changed on this side of the fiscal cliff? >> two things in response to that. first, the great irony here is four weeks ago, mitt romney and paul ryan and republicans are pummeling the president for $716 billion for medicare savings that extended the life of medicare. they said they want to add all the costs back in. hopefully they are back to the position of the ryan budget to recognize they're important savings. number one. number two, the president's plan, budget,...
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Dec 4, 2012
12/12
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you've got to be for a tax rate increase or we will go over this fiscal cliff. >> no, you don't. you could raise from a carbon tax of $20 a ton, which will deal with, we are having the biggest record carbon levels. you could raise -- at 4% a year over the next ten year, twice as much as you could from allowing the bush tax rates to lapse. why the income tax system is overburdened in the united states. we use it too much. we should be looking at other taxes. we can't do it in 29 days. why are we doing it in 29 days? >> but the president ran on raises taxes, right? if you look at the polls. 60% of people support raising taxes on people who make over $250,000 a year. how much of a problem is it, david, if the republicans you know, tom coburn said he does not want to raise that tax number. >> the president ran on his first term on opposing a health care mandate. he was against that. presidents change their minds. the idea that you would do a revenue measure with an eye to basically doing something punitive, when there are much more important policy goals you can achieve and when it's
you've got to be for a tax rate increase or we will go over this fiscal cliff. >> no, you don't. you could raise from a carbon tax of $20 a ton, which will deal with, we are having the biggest record carbon levels. you could raise -- at 4% a year over the next ten year, twice as much as you could from allowing the bush tax rates to lapse. why the income tax system is overburdened in the united states. we use it too much. we should be looking at other taxes. we can't do it in 29 days. why...
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Oct 11, 2012
10/12
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it was an interesting conversation where we talked about the fiscal cliff, resolving the deficit, and got inside goldman's business a bit. a lot of it was concerned with the warnings. >> if we do nothing, next year you'll have the rate of growth slow to somewhere like 3 to 5%. you'll have unemployment go up another 2% to around above 9%, and 2 million more people will lose their jobs. and we're doing nothing about it. >> it's very serious. i think the candidates know how serious it is. i think they're trying to avoid it, maybe in part because it is so consequential and serious. maybe the ideas that would have to be put forward will be unattractive to some people. obviously we're in a position where new discipline is going to have to be imposed. people are going to be disappointed in the consequence. >> they worship the god of re-election. they're figuring that out and how to duck every hot issue before november 6th. then erskine says the whirlpool of $7 trillion is going to hit us like a rainstorm. >> people are never going to understand how critical this particular time in history is
it was an interesting conversation where we talked about the fiscal cliff, resolving the deficit, and got inside goldman's business a bit. a lot of it was concerned with the warnings. >> if we do nothing, next year you'll have the rate of growth slow to somewhere like 3 to 5%. you'll have unemployment go up another 2% to around above 9%, and 2 million more people will lose their jobs. and we're doing nothing about it. >> it's very serious. i think the candidates know how serious it...
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Nov 15, 2012
11/12
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already hearing from people that they are annoyed with the expression fiscal cliff, trying to come up with something else. closing bell ringing in 49 minutes. is the are in brick nation losing its muscle? russia's third quarter gross domestic product growing at the slowest rate since 2010 and the nation's second-largest bank sought profits dropped 63% in the most recent quarter. coming up, the chairman and president of d tv bank joining us in a fox business exclusive to talk about how to navigate the volatile environment including america's fiscal cliff and how do you say fiscal cliff in russian? looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investo
already hearing from people that they are annoyed with the expression fiscal cliff, trying to come up with something else. closing bell ringing in 49 minutes. is the are in brick nation losing its muscle? russia's third quarter gross domestic product growing at the slowest rate since 2010 and the nation's second-largest bank sought profits dropped 63% in the most recent quarter. coming up, the chairman and president of d tv bank joining us in a fox business exclusive to talk about how to...
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Oct 11, 2012
10/12
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you went right at the fiscal cliff. let's listen to what they said. >> if we do nothing, next year, you'll have the rate of growth slowed to somewhere like 3% to 5%. you'll have unemployment go up another 2% to around -- above 9% and 2 million more people will lose their jobs and we're doing nothing about it. >> it is very serious. i think the candidates know how serious it is. i think they're trying to avoid it, maybe in part because it is so consequential and serious and maybe the ideas that would have to be put forward will be unattract i have to some people. obviously we're in a position where new discipline is going to have to be imposed, people will be disappointed in the consequence so i think they're going to avoid it. >> they worship, said alan simpson, at the god of re-election. i would emphasize what mr. blankfein said there, the candidates seem in large part to be avoiding the consequences of fiscal cliff precisely because it is so consequential. do you see it that way? >> well, not exactly, tyler. let me ma
you went right at the fiscal cliff. let's listen to what they said. >> if we do nothing, next year, you'll have the rate of growth slowed to somewhere like 3% to 5%. you'll have unemployment go up another 2% to around -- above 9% and 2 million more people will lose their jobs and we're doing nothing about it. >> it is very serious. i think the candidates know how serious it is. i think they're trying to avoid it, maybe in part because it is so consequential and serious and maybe the...
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Nov 29, 2012
11/12
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known as the fiscal cliff. >> president obama is sending tim geithner to the hill today to meet with multiple congress ohhal leaders. i want to bring in senator john barrasso, republican from wyoming. senator, good to see you. good morning. >> thanks for having me. >> let's begin with something that's been reported on by the wall street journal. which is something we heard a couple days ago. the fact that the president now appears to be flexible when it comes to the top 2%. quote, president obama signalled he wouldn'tnsist tax rates on upper income americans rise to clinton era peaks as part of a deficit reduction deal. the white house's flexibility first described by democrat erskine bowles after meetings with mr. obama and others confirmed by administration officials could envision tax rates increase from their current levels but less than clinton era levels. would you agree to a deal, senator? call it in the middle. 37%. >> well, the problem with that is raising those tax rates on those folks really doesn't address the major problem which is the spending that's going on. >> let me
known as the fiscal cliff. >> president obama is sending tim geithner to the hill today to meet with multiple congress ohhal leaders. i want to bring in senator john barrasso, republican from wyoming. senator, good to see you. good morning. >> thanks for having me. >> let's begin with something that's been reported on by the wall street journal. which is something we heard a couple days ago. the fact that the president now appears to be flexible when it comes to the top 2%....
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Nov 13, 2012
11/12
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CNN
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so would a deal to keep us from falling over the fiscal cliff. erskine bowles told me earlier, this is truly the magic moment to make a deal. congress, let's get it done. >>> and now, our fourth story "outfront." the woman behind the resignation of general david petraeus. tonight, there are growing questions about the 40-year-old biographer of general petraeus. cnn has learned the affair started two months after petraeus took over the cia, back in september of 2011 and ended about four months ago. "outfront" tonight, chris lawrence on who she is, the woman at the heart of this investigation. >> holly petraeus and broadwell were separated by just five seats at david petraeus' confirmation hearing to become cia director. the affair wouldn't begin for another couple of months, but the attraction was there. a long time friend of petraeus says years in the war zone had left him isolated. petraeus didn't have anyone on his level he could talk to candidly, so when paula broadwell came along, quote, he enjoyed her company. she was an attractive gal and t
so would a deal to keep us from falling over the fiscal cliff. erskine bowles told me earlier, this is truly the magic moment to make a deal. congress, let's get it done. >>> and now, our fourth story "outfront." the woman behind the resignation of general david petraeus. tonight, there are growing questions about the 40-year-old biographer of general petraeus. cnn has learned the affair started two months after petraeus took over the cia, back in september of 2011 and ended...
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Nov 16, 2012
11/12
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fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. ♪ ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. the memories that last, start with the gifts that last. ♪ enjoy free shipping and great values on your holiday shopping from l.l.bean. [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ >>> collection this out. mike tyson touring australia this week at a media event. famous tough man seemed a little bit scared. a zookeeper went to give him a koala bear, and iron mike didn't seem to want to have any part of it whatsoever. i'm not surprised why he's -- they have sharp claws and sharp teeth. >> mike tyson in the "hangover," didn't he have white tig
fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. ♪ ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. the memories that last, start with the gifts that last. ♪ enjoy free shipping and great values on your holiday shopping from l.l.bean. [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not...
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Oct 15, 2012
10/12
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you were talking about the fiscal cliff. it's very hard to handicap this given we have a presidential election and then a lame duck congress. there's about $650 billion of fiscal cuts ready to take place, tax increases and spending cuts. we think it's going to amount to 200, a third of that. i think the market will live through it. one of your speakers made a good point, if it goes down, you know once that hit occurs you will get the bounce on the other side. there's good reason to look through that somewhat, but, yes, if you see those kind of capital gains tax hikes, you will get a hit to the market, no question. it's more a three to six month outlook. >> sound like you have some arm twisting with barry knapp. >> no, he's lacking more tactically. >> i know. good to have you. coming up, does the high speed profit machine need a tune up? what some new numbers suggest. >>> if you're planning a trip to europe, why it may end up being cheaper than you think. more "halftime" is just ahead. those little things still get you. for y
you were talking about the fiscal cliff. it's very hard to handicap this given we have a presidential election and then a lame duck congress. there's about $650 billion of fiscal cuts ready to take place, tax increases and spending cuts. we think it's going to amount to 200, a third of that. i think the market will live through it. one of your speakers made a good point, if it goes down, you know once that hit occurs you will get the bounce on the other side. there's good reason to look through...
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Dec 3, 2012
12/12
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you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was just flabbergasted. i looked at him and said you can't be serious. i have just never seen anything like it. >> yes, indeed, it seems that republicans are not quite sure what to make of the president taking a harder line across the bargaining table. >> you know, the president's idea of a negotiation is roll over and do what i ask. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. the president's plan is just, quite frankly, a joke. >> i'm not sure about that, senator graham, but there will be plenty of time for jok
you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was...
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Sep 26, 2012
09/12
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boeing's ceo says executives are becoming more nervous about the fiscal cliff. james mcnerney says a lack of security on taxes and regulations are holding back job creation. norelco held near two-year highs. according to the commerce department, sales fell to a seasonally-adjusted annual rate of 373,000 which was below what economists were looking for, meanwhile, home prices jumped to their highest levels in more than five years. and greece's international lenders are at odds over how to solve the country's debt crisis. the imf has been pushing to restructure greek's debt owed to foreign creditors. e.u. leaders prefer to give greece more time to meet bailout goals. well, here we are at 30 minutes to go, actually, 20 minute toss go. of let's get a check on the markets with nicole petallides at the new york stock exchange. you've got one of today's top s&p 500 movers. what do you have? >> reporter: oh, yeah. taking a look at dean foods, right? i pulled it up nice and big for us. it's up a full five percentage points right now. dean foods clearly a winner on the s&
boeing's ceo says executives are becoming more nervous about the fiscal cliff. james mcnerney says a lack of security on taxes and regulations are holding back job creation. norelco held near two-year highs. according to the commerce department, sales fell to a seasonally-adjusted annual rate of 373,000 which was below what economists were looking for, meanwhile, home prices jumped to their highest levels in more than five years. and greece's international lenders are at odds over how to solve...
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Nov 9, 2012
11/12
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cliff we're going to head back into recession, the unemployment rate would spike to over 9%. terrible picture! but dear junkies, take a deep breath. because it ain't gonna happen. mark my words. the one thing that congress loathes more than losing elections is getting their rear ends handed to them by every newspaper, businessperson and senior citizen clinging to an i.r.a. they cannot handle the heat of doing nothing. so believe me, they will act. i predict that they're going to extend the deadline until after the new congress arrives to give them time to work out a deal. it's going to be all over in a couple of months and it is going to be a fair and balanced solution. and really, based on exit polls voters seem to want that. in fact, the majority of people, six in ten said that they're willing to accept tax increases to avoid plunging the economy back into a recession. not to mention that the higher taxes are going to be on the wealthy. so it is easier for them to stomach. you know the old line, don't tax me. tax the man behind the tree meaning the rich guy behind the tree
cliff we're going to head back into recession, the unemployment rate would spike to over 9%. terrible picture! but dear junkies, take a deep breath. because it ain't gonna happen. mark my words. the one thing that congress loathes more than losing elections is getting their rear ends handed to them by every newspaper, businessperson and senior citizen clinging to an i.r.a. they cannot handle the heat of doing nothing. so believe me, they will act. i predict that they're going to extend the...
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Nov 28, 2012
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wanting to go over the fiscal cliff thing is ridiculous. the white house does not want to do that. send a terrible message to the market. rather than doing that, they would do the decoupling and the tax rates. and then set up some framework. >> bret: how would the president or anybody in the white house think they could get any republicans on board with just doing tax increases or revenue increases? >> bret: i think their plan is to do both. people need to put stuff on the table. they want to have a grand bargain and they want entitlement cuts and the president said that. they have to start hashing that out. >> bret: that is not what they talk about today other than this democrat, erskine bowles who talked to reporters after meeting with the white house and republicans today. >> i think we have to have a substantive real entitlement reform, as much part of the discussion as taxes have been. i stressed that yesterday in the white house. i'll stress it today here. >> if we go over the cliff, you are going to have slow down in economic growth of at least 4%. that puts us back in reces
wanting to go over the fiscal cliff thing is ridiculous. the white house does not want to do that. send a terrible message to the market. rather than doing that, they would do the decoupling and the tax rates. and then set up some framework. >> bret: how would the president or anybody in the white house think they could get any republicans on board with just doing tax increases or revenue increases? >> bret: i think their plan is to do both. people need to put stuff on the table....
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Nov 29, 2012
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. >> based on the procespect of going over the fiscal cliff which you just called serious business or extending the lower tax rates and not the upper ones, which one would you choose? >> i'm going to do everything i can to avoid putting the american economy, the american people through the fiasco of going over the fiscal cliff. >> which is worse, though, for the economy? >> -- the balance that you talked about, could you include the debt limit increase in the overall package? >> as i told the president a couple weeks ago, there are a lot of things i've wanted in my life, but almost all of them had a price tag attached to them. and if we're going to talk about the debt limit in this, then there's going to be shall price tag associated with it. >> last question. >> are you standing by your dollar for dollar for cuts? >> i tip to believe any increase in the debt limit has to be accompanied by spending reductions that meet or exceed it. >> thank you. >>> all right. listening to speaker john boehner there after his meeting with tim geithner. coming out -- didn't hear it right off the top,
. >> based on the procespect of going over the fiscal cliff which you just called serious business or extending the lower tax rates and not the upper ones, which one would you choose? >> i'm going to do everything i can to avoid putting the american economy, the american people through the fiasco of going over the fiscal cliff. >> which is worse, though, for the economy? >> -- the balance that you talked about, could you include the debt limit increase in the overall...
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Dec 4, 2012
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i think that fiscal cliff is just a big red herring. your district has the shortest life span in the country for women. the infant mortalithighest infay rate in the country. we follow mississippi. i think that is where you are leading the country. if the people of the united states want to see where you and the republican party -- come and look at your district. guest: i would be delighted to have people come and look at my district and then it is 14,000 farms and ranches with two military installations. 5 colleges and universities. 11 indian tribes. the best college football team in america. it is a very special place. i would argue with your statistics. i just won reelection with 68% of the vote. having said all that, the idea that the paul ryan budget is about getting rid of social programs is ntot so. it is about saving them. these programs are going bankrupt. all are going to have to be reformed. if the president gets every tax increase he is asking for, let's just assume that he did, it would not come close to solving the budgetar
i think that fiscal cliff is just a big red herring. your district has the shortest life span in the country for women. the infant mortalithighest infay rate in the country. we follow mississippi. i think that is where you are leading the country. if the people of the united states want to see where you and the republican party -- come and look at your district. guest: i would be delighted to have people come and look at my district and then it is 14,000 farms and ranches with two military...
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Nov 8, 2012
11/12
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FOXNEWS
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we have the fiscal cliff bearing down on us. so, why not look at simpson-bowles, although it's over two years later. >> its recommendations take on added weight as the congressional budget office released a report saying if the fiscal cliff happens, the economy will shrink half a percent. >> very, very unusual for cbo to come out and predict a recession if the fiscal cliff is not resolved. >> the simpson bowles commission had several recommendations but at the broadest form it was a little of everything. >> simpson-bowles basically included a ratio of about $2.50 in spending cuts for every dollar of revenue increases. >> mostly by eliminating tax deductions. it proposed a reform of entitlement, such as social security and medicare which many democrats are resisting. >> the good news is thank god people are living a heck of a lot longer. that is great news. it isn't good news for the treasury. >> one principle in entitlement reform is mean test benefit meaning the wealthier recipients get less. >> it has to be a means test. if yo
we have the fiscal cliff bearing down on us. so, why not look at simpson-bowles, although it's over two years later. >> its recommendations take on added weight as the congressional budget office released a report saying if the fiscal cliff happens, the economy will shrink half a percent. >> very, very unusual for cbo to come out and predict a recession if the fiscal cliff is not resolved. >> the simpson bowles commission had several recommendations but at the broadest form it...
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Dec 4, 2012
12/12
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cliff stalemate started. no deal until republicans drop the opposition to raising tax rates on the wealthy. that's the president's message. we'll play the interview for you, parts of it, and also hear from democratic congressman adam schiff. from the president shooting down speaker boehner proposal to now conservative groups going aafter him, who are boehner's allies at this point. where is governor jan brewer. the mystery about the out of state business trip and why his own spokesperson says he can't disclose where she is. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. now we need a little bit more... [ male announcer ] at humana, we understand the value of
cliff stalemate started. no deal until republicans drop the opposition to raising tax rates on the wealthy. that's the president's message. we'll play the interview for you, parts of it, and also hear from democratic congressman adam schiff. from the president shooting down speaker boehner proposal to now conservative groups going aafter him, who are boehner's allies at this point. where is governor jan brewer. the mystery about the out of state business trip and why his own spokesperson says...
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Dec 1, 2012
12/12
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CNNW
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. >>> in raw politics, with the country one day closer to the fiscal cliff, president obama took his case to the public today. he used an event in pennsylvania to rachet up the pressure on republicans to freeze taxes for the middle class while allowing the tax rates on the wealthy to go up. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> in other words, the day after the white house puts its opening bid on the table, the president comes out swinging. that opening bid didn't have a whole lot of concessions in it to the republicans, and the republicans reacted as many would have predicted. they were mad. basically saying that offer was an insult. today, house speaker john boehner doubled down. >> it was not a serious proposal. and so right now, we're almost nowhere. >> that doesn't sound good. republican congressman lee terry of nebraska was just as succinct but how shall i say this? more colorful. he told the "omaha world heral
. >>> in raw politics, with the country one day closer to the fiscal cliff, president obama took his case to the public today. he used an event in pennsylvania to rachet up the pressure on republicans to freeze taxes for the middle class while allowing the tax rates on the wealthy to go up. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. that's sort of like the lump of coal you get for christmas. that's a...
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Jun 7, 2012
06/12
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CNBC
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cliff and caused our bond rating to be downgraded for the first time in the history of the country. the president was working tirelessly. vice president joe biden worked tirelessly to get a deal done. john boehner couldn't sell it. and everybody knows it. that's where we were. >> that's just incorrect. >> the question about simpson/bowles. i can answer that question. simpson/bowles is a plan, it rais raises, enshrines obama-care, but that was not enough for the president because it also lowered tax rates for wealthy people for everybody for businessmen and this president is committed to raising tax rates to levels we have not seen since the 1970s, so he killed it. >> that's why he's cut taxes 18 times. >> he took it to levels we've not seen since the 1970s. >> you know, jennifer rubin, in the interview, which is going to come up later with speaker boehner, we talked about this, why didn't that deal get done last summer? and he said, because at the last minute president obama put in another $400 billion in taxes. >> correct. >> there was already $800 billion in tax. >> then why don't
cliff and caused our bond rating to be downgraded for the first time in the history of the country. the president was working tirelessly. vice president joe biden worked tirelessly to get a deal done. john boehner couldn't sell it. and everybody knows it. that's where we were. >> that's just incorrect. >> the question about simpson/bowles. i can answer that question. simpson/bowles is a plan, it rais raises, enshrines obama-care, but that was not enough for the president because it...
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Dec 5, 2012
12/12
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CSPAN
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as you think about the fiscal cliff and what is coming, one of the few places you can see people responding to it is in their behavior around capital gains and dividends. companies are moving up to how, shareholders take a vintage of a lower rate. i expect you will see more investors realize lower capital gains in order to get lower rates. there is clearly money there. there is clearly money that has interesting, distributional characteristics. as you think about the political process trying to structure when a package with a revenue goal and a distribution goal, my prediction is you will see at least some of those increases occur. i personally would be surprised if the dividend rate went back up to ordinary rates. the senate would allow it to stay at the capital gains rate, and go it to 15% to 20%. the president initially proposed cutting dividends they the same as capital gains. my guess would be that that is where we end up. >> what would you say is best? should the dividend be the same as capital gains tax >> i find it hard. i have looked around. i find it hard to have an argument for w
as you think about the fiscal cliff and what is coming, one of the few places you can see people responding to it is in their behavior around capital gains and dividends. companies are moving up to how, shareholders take a vintage of a lower rate. i expect you will see more investors realize lower capital gains in order to get lower rates. there is clearly money there. there is clearly money that has interesting, distributional characteristics. as you think about the political process trying to...
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Jul 17, 2012
07/12
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CSPAN2
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before the august recess in order to avert the fiscal cliff. they're going to act on this sometime before we go out in august to extend all the rates at the end of the year, so there is certainty about what happens next year for those who are making economic decisions. unfortunately thus far, the senate and the senate democrat leadership has only agreed to hold a vote on a plan to raise taxes on nearly a million small businesses. this tax increase on individuals earning more than $200,000 a year and families making more than $250,000 a year will raise taxes on more than half of all income in america earned by s corporations, sole proprietorships, l.l.c. partnerships and other pass-through businesses that pay their taxes at the individual rates. now, just a point of clarification, that applies to a lot of mom and pop businesses in this country. we're talking about that restaurant owner, that electrician, many of whom are organized in the fashion in which they -- their income flows through to their individual tax return and they pay at the indivi
before the august recess in order to avert the fiscal cliff. they're going to act on this sometime before we go out in august to extend all the rates at the end of the year, so there is certainty about what happens next year for those who are making economic decisions. unfortunately thus far, the senate and the senate democrat leadership has only agreed to hold a vote on a plan to raise taxes on nearly a million small businesses. this tax increase on individuals earning more than $200,000 a...
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Nov 16, 2012
11/12
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CNBC
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if ire worried we go over the fiscal cliff and we get our ratings downgraded again -- >> ever since the election, i keep trying to just focus right on what we're talking about and that is this high end marginal rates on the 250 and above. obama has at this point said that so much times that, i don't know, he's kind of like drawing a line in the sand there. >> oh, yeah. >> we decided yesterday that was one thing that he is at 250 and 39.6. >> i'm still not convinced it's 39.6%. i do think 250 is the line. >> i don't think we're 35% and trying to find deductions anymore. >> the house was 55% stayed republican. so they have the same claim that their constituents elected them to hold the line on this. i saw comments from dave camp that this game that he keeps playing with, i've got the pen, i'm ready to sign it, it's just delaying. it's a nonstarter according to the people that stopped it the last intwo years. >> today is the first day that they'll all be meeting at the white house. and today is the first day that we don't know what's going to happen. >> the issues are so big in terms of en
if ire worried we go over the fiscal cliff and we get our ratings downgraded again -- >> ever since the election, i keep trying to just focus right on what we're talking about and that is this high end marginal rates on the 250 and above. obama has at this point said that so much times that, i don't know, he's kind of like drawing a line in the sand there. >> oh, yeah. >> we decided yesterday that was one thing that he is at 250 and 39.6. >> i'm still not convinced it's...
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Oct 1, 2012
10/12
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CNBC
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for all the talk about the fiscal cliff, ultimately what people in the economy are looking for is they're looking for some clarity on how we'll get back to a sustainable fiscal path. they want to know what their tax rates will be, what regulatory policy will be. so kicking the can is better than just falling over the cliff, i suppose, but at some point, we need to actually address this such. >> i hear you and i agree. steve, jeff, thank you both very much. >>> coming up, your money, your votes. strategists from both parties square off on on taxes, spending and much more. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> he's a good debater. i'm just okay. but what i'm most concerned about is having a serious discussion. about what we needed it to do to keep the country growing. >> pam will be formidable.
for all the talk about the fiscal cliff, ultimately what people in the economy are looking for is they're looking for some clarity on how we'll get back to a sustainable fiscal path. they want to know what their tax rates will be, what regulatory policy will be. so kicking the can is better than just falling over the cliff, i suppose, but at some point, we need to actually address this such. >> i hear you and i agree. steve, jeff, thank you both very much. >>> coming up, your...
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Sep 17, 2012
09/12
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CSPAN2
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cliff in sense that the advantage of doing that then the tax rates reset to where they were at the beginning of the bush administration. then you could have a different debate which is a debate about let's do a big tax reform that includes cutting taxes for most people. and that is a more attractive debate for both sides to have than the current one. and so, and, you know, there is a lot of work being done, what's the economic consequences of going off the cliff. a lot depend whether or not you think it is permanent or temporary. if you think you roll into jan 1 with no deal and all those things are there forever, that is very bad world. i would argue that is bad assumption. if we go off the cliff there will be a set of negotiations that will get us a big tax bill earlier in the year that will -- i don't think that will include a consumption tax would be my prediction but i do think that actually tax reform over the next year is one of the sort of potential up sides. >> let me say -- >> consumption tax layered on top of an already inefficient tax system should be very frightening. a consumpt
cliff in sense that the advantage of doing that then the tax rates reset to where they were at the beginning of the bush administration. then you could have a different debate which is a debate about let's do a big tax reform that includes cutting taxes for most people. and that is a more attractive debate for both sides to have than the current one. and so, and, you know, there is a lot of work being done, what's the economic consequences of going off the cliff. a lot depend whether or not you...
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Dec 7, 2012
12/12
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CNBC
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>> as far as the fiscal cliff? >> no, we have time for mortgages. >> i think we have time. the fed has stated they want to hold short-term interest rates through 2014. we know they don't technically control long-term interest rates unless they are buying mortgages which they have done over the last couple years. so, you know, it appears by all measures that you have some time, but you never know because these things can change very rapidly. rates tend to go up higher a lot quicker than they come down. >> you've seen the commercial allied financial where they say the greatest economists in the world and a nobel laureate and do you know where interest rates are going in a year, and he says no. we should know what cd rates are going. >> i think they've done the best they can -- >> what is the maximum amount cd rates could fluctuate in the next 12 months? >> could fluctuate? >> a quarter pobet? >> a quarter point. >> where are they? >> 0.3. >> long term? i saw the ad, i saw a full-page ad in the detroit paper recently that a bank was bragging about their incredible interest rat
>> as far as the fiscal cliff? >> no, we have time for mortgages. >> i think we have time. the fed has stated they want to hold short-term interest rates through 2014. we know they don't technically control long-term interest rates unless they are buying mortgages which they have done over the last couple years. so, you know, it appears by all measures that you have some time, but you never know because these things can change very rapidly. rates tend to go up higher a lot...
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Dec 4, 2012
12/12
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MSNBCW
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look, i think it hurts everybody politically if we go over the fiscal cliff. republicans will pay a larger price. it's about making sure they don't drive themselves off a middle class cliff by digging their heels into lower rates. actual hadly have lower rates for the wealthy than the wealt >> tripp, you work for a group -- you're saying, hey, we stand for principle but you're not there to win elections. you're there to win policy fights. >> right. >> the fact is, if republicans could be -- some concern is republicans pulling away from the vote. >> hopefully good policy makes good politics. in this case, if we can see the tax issue, that's not going to fix the problem. the drivers of the debt is spending but also is is entitlement and boehner punting, capitulated to the white house -- >> capitulation on the white house doesn't even -- >> that's a pretty -- >> well, we're all going to put our heads in the sand and say that entitlement are not the drivers of the deficit. >> you don't think he put enough detail on the entitlements? >> no. >> we'll ask him that wh
look, i think it hurts everybody politically if we go over the fiscal cliff. republicans will pay a larger price. it's about making sure they don't drive themselves off a middle class cliff by digging their heels into lower rates. actual hadly have lower rates for the wealthy than the wealt >> tripp, you work for a group -- you're saying, hey, we stand for principle but you're not there to win elections. you're there to win policy fights. >> right. >> the fact is, if...
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Dec 28, 2012
12/12
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CSPAN
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caller: nobody should worry about the fiscal cliff. asey have everybody's ira's hostage. ira will have to buy ies.sur they are not worried about the budget. everybody that has an ira basically it will have nothing because interest rates will go up so high on the treasury bills in the coming decade. be heldy's ira will hostage. i took money and i put it into gold. i did not pay any taxes on it. possession is 9/10 of the law. let them come and find it. every politician should not take a paycheck. they do not deserve it. they have been bringing our country down. host: in look at what happened 1st.ing jan. uary host: that will happen in january 1 if congress fails to reach a compromise, even a short-term compromise. dan on the phone from massachusetts. caller: thank you for taking my call. i would like to know how many millionaires there are in this country versus the number of people who make $250,000 and less. i think that's where the argument can bw won e won. john boehner is making a calculation and i think that is a poor population. we should roll back the reagan tax cut
caller: nobody should worry about the fiscal cliff. asey have everybody's ira's hostage. ira will have to buy ies.sur they are not worried about the budget. everybody that has an ira basically it will have nothing because interest rates will go up so high on the treasury bills in the coming decade. be heldy's ira will hostage. i took money and i put it into gold. i did not pay any taxes on it. possession is 9/10 of the law. let them come and find it. every politician should not take a paycheck....
WHUT (Howard University Television)
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Nov 13, 2012
11/12
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WHUT
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cliff. >> instead of raising tax rates on the american people, the damage it would do to our economy, let's start to solve the problem. this focus on tax reform, close special interest loopholes, and lower tax rates. instead of accepting arbitrary cuts that will endanger our national defense, let's get serious about shoring up the entitlement programs that are the primary drivers of our country's massive growing debt. >> sarah anderson, your response? >> it is crazy to be talking about, as he said, shoring up in time of programs. that is just washington speak for reducing the cost of these programs and limiting access. to think we need to shift the burden onto the backs of the poor and elderly is crazy, when we are in one of the richest countries -- the richest country in the world. our problem is our resources have been misallocated. the approach to the debt should be to look at the ways that we could raise revenue through fair taxation, including tax and financial transactions, which could bring in wall street. no. 2, environmental reforms like cutting fossil fuel subsidies and usi
cliff. >> instead of raising tax rates on the american people, the damage it would do to our economy, let's start to solve the problem. this focus on tax reform, close special interest loopholes, and lower tax rates. instead of accepting arbitrary cuts that will endanger our national defense, let's get serious about shoring up the entitlement programs that are the primary drivers of our country's massive growing debt. >> sarah anderson, your response? >> it is crazy to be...
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Dec 3, 2012
12/12
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MSNBCW
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the president is answering questions about the fiscal cliff. how does that work? >> well, it's kind of interesting, andrea. we know that the white house has adopted a campaign-style way to sell the need to raise tax rates and generate more revenue from the wealthy. this is kind of in keeping of -- they have a couple minute video sent to reporters. this is another way to try and drive conversation via social media and amp up pressure on lawmakers to get republicans to capitulate. this is kind of one part i would say of a multi-front effort to adapt some of the tactics that clearly work for president obama in the campaign imported over to policy. they tried this with health care, andrea, back in 2009. it didn't work all that well. let's see if this operation works better. >> the other big twitter aannouncement today wa was @pontifx. the pope is going to start tweeting as of september 12th. >> he already has more followers than you and i and has been on for one day. >> it's amazing how things happen. >> god. >> back to the white house, jay carney said during the brie
the president is answering questions about the fiscal cliff. how does that work? >> well, it's kind of interesting, andrea. we know that the white house has adopted a campaign-style way to sell the need to raise tax rates and generate more revenue from the wealthy. this is kind of in keeping of -- they have a couple minute video sent to reporters. this is another way to try and drive conversation via social media and amp up pressure on lawmakers to get republicans to capitulate. this is...
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Dec 5, 2012
12/12
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KQED
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cliff that could raise taxes by year's end. we begin with a report from newshour congressional correspondent kwame holman. >> we're going to have to see the rates on the top two percent go up. we're not going to be able to get a deal without it. >> reporter: in his first interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would com
cliff that could raise taxes by year's end. we begin with a report from newshour congressional correspondent kwame holman. >> we're going to have to see the rates on the top two percent go up. we're not going to be able to get a deal without it. >> reporter: in his first interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance....
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Dec 4, 2012
12/12
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MSNBCW
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the president took to twitter today to answer questions about the fiscal cliff. one person asked whether deductions for homeowners are at risk to which the president responded, breaks for middle class important for families and economy. if top rates don't go up, danger that middle class deductions get hit. signed "bo." yesterday house speaker john boehner said this on fox news. >> listen, nobody want to go over the cliff. that's why the day after the election i tried to speed this process up by making a concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. you know, the president's idea of a negotiation is, roll over and do what i ask. >> and on "meet the press" yesterday grover tried to change america's mind about who to blame if we do go off the cliff. >> tea party 2 is going to dwarf tea party one if obama pushes us off the cliff. let's not pretend who's pushing us offer the cliff. >> but continuing to insist that the president does have the better argument. >> at the end of the day, presi
the president took to twitter today to answer questions about the fiscal cliff. one person asked whether deductions for homeowners are at risk to which the president responded, breaks for middle class important for families and economy. if top rates don't go up, danger that middle class deductions get hit. signed "bo." yesterday house speaker john boehner said this on fox news. >> listen, nobody want to go over the cliff. that's why the day after the election i tried to speed...